Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments.

Private student loan rates change more often and can be fixed or variable. Rates are based on lender preferences, personal credit and market conditions. The best private student loan rates are usually available to those with excellent credit.